What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does 1st Source (SRCE) spend its free cash flow?

For TTM through Q1 2026, 1st Source generated $210M of operating cash flow and $210M of free cash flow — a free cash flow margin of 99.7% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did 1st Source (SRCE) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent 1st Source's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

1st Source (SRCE) Cash Flow Waterfall

Operating CF

$210M

Capex

-$574K

Free Cash Flow

$210M

FCF Margin

+99.7%

Cash flow waterfall for 1st Source (SRCE) — TTM through Q1 2026

Free cash flow: $210M

Note: Other Investing is large — driven mainly by acquisitions and investment activity.

Cash flow breakdown for 1st Source (SRCE) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$210M	$210M
Capital Expenditure	-$574K	$210M
Free Cash Flow	$210M	$210M
Other Investing	-$261M	-$51.1M
Share Buybacks	-$36.8M	-$87.9M
Dividends Paid	-$39.4M	-$127M
Net Debt Change	$216M	$88.4M
Other Financing & FX	-$192M	-$104M
Net Cash Decrease	-$104M	-$104M

Operating Cash Flow$210M
Capital Expenditure-$574K
Free Cash Flow$210M
Other Investing-$261M
Share Buybacks-$36.8M
Dividends Paid-$39.4M
Net Debt Change$216M
Other Financing & FX-$192M
Net Cash Decrease-$104M

Want to see what drove the FCF change?Free Cash Flow Bridge

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